Top Crypto News from Asia- Aug 6th- Aug 8th

What Crypto insiders are reading on Asia.We added a “Deals” section to bring you the latest relevant Crypto deals from Asia, funded by the top US and Asian Crypto investors.

🌟 Top News from Monday through Wednesday

Korea’s Jeju Special Self-governing Province Governor pledges to make Jeju a blockchain hub city, issue a cryptocurrency, dubbed “Jeju Coin,” and use the raised funds for the residents of the island. http://bit.ly/2OhGlZS

Bank of Thailand passed a resolution to allow local banks to set-up cryptocurrency-focused subsidiaries for dealing with related businesses. http://bit.ly/2OgeE3M

*China Media* Binance announcement — looking to launch 3 cryptocurrency exchanges this year. Can launch decentralized exchange in as little as a half a year.Google translated

*China Media* EveriToken, a blockchain technology built on EOS and used to digitizereal-worldcertificates and tickets, has received millions of dollars in financing, led by Fenbushi capital, Yuandao Capital, Qianfang Fund, Shuimu Fenghua Fund. Google translated

Crescent Crypto Asset Management, a cryptocurrency index fund manager led by Goldman Sachs alumni, completed its Series A and launch of its offshore Cayman fund, led by FBG Capital. https://prn.to/2Omhh4b

The blockchain payment platform EPC has received strategic investment of US$30mn led by Fenbushi, partner Shen Bo will also be the project strategy consultant. http://bit.ly/2MpXsYY

💰 Coin and Token News

New ICON (ICX) repurchase program authorizes the foundation to repurchase up to $5 million of currently circulating ICX + new open source release schedule. http://bit.ly/2Mr1T61

In China, a MacCoin, a physical token which is given away with the purchase of a Big Mac in McDonalds, has been hyped up to 800Rmb or $115. http://bit.ly/2OfrrmW

Blockchain platform VeChain has been selected to be among the first batch of partners for NTT Docomo’s 5G Open Partner Program. NTT Docomo is Japan’s largest telecom company with over 76mn subscribers. http://bit.ly/2OiCLi2

Roger Ver has recently sent the governor of Jeju Island of South Korea $100 worth of Bitcoin Cash at a public event. http://bit.ly/2Ok6JlV

BitTorrent has been elected as a Super Representative in TRON’s Super Representative Elections. http://bit.ly/2OQoOZY

The Korean government announced a new set of tax amendment which will strip away substantial tax benefits for bitcoin exchanges. http://bit.ly/2Ofop2b

💼 Business News

Director-general of the Institute of Digital Money of the People’s Bank of China shared his thoughts the Chinese central bank’s two-layer Digital Fiat Currency model in a New York Conference. http://bit.ly/2Oj0VZM

7 large banks in Hong Kong are working together to promote the development and launch of a Hong Kong trade finance blockchain platforms, led by the Hong Kong Monetary Authority. http://bit.ly/2MrvagE

Japan Virtual Currency Exchange Association, a body comprised of all 16 licensed cryptocurrency exchanges, have formally applied for certification from the country’s financial regulator to form a self-regulatory body. http://bit.ly/2Ok6mI3

In our upcoming podcast episode, our guest will beZac Cheah, CEO of Pundi X, who will be sharing his observations of the Southeast Asia Crypto markets- Singapore, Thailand, Malaysia, Indonesia, as well as his insights on the Cryptocurrency market evolution and adoption. Be sure to follow him on Twitter to learn more about Pundi X.

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